Wednesday, Apr 1, 2015Wednesday, Apr 1, 2015

IBM to spend $1.5b to expand cloud services

Published on Jan 18, 2014 6:28 AM

(REUTERS) - IBM Corp said it will invest more than US$1.2 billion (S$1.5 billion) to build up to 15 new data centers across five continents to expand its cloud services and reach new clients and markets.

The new cloud centres will be in Washington DC, Mexico City, Dallas, China, Hong Kong, London, Japan, India and Canada, with plans to expand in the Middle East and Africa in 2015.

IBM said the investment will bring up its data centere count to 40 this year and double cloud capacity for SoftLayer, which leases online storage space to companies and was acquired by IBM last year for US$2 billion.

"This global expansion is aimed at accelerating into new markets based on growing client demand for high-value cloud," the company said in a statement.

Enjoy 2 weeks of unlimited digital access to The Straits Times. Get your free access now!